What do the two investor letters in the opening Professional Judgment in Context feature say about materiality

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What do the two investor letters in the opening Professional Judgment in Context feature say about materiality and what auditors should know about what investors need?
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Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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